NEW YORK (MarketWatch) — Wells Fargo on Friday initiated coverage of FedEx Corp. with an outperform rating and a price target of $102 a share to $106 a share over the next six-to-12 months. Analysts noted FedEx remains a beneficiary and facilitator of global trade, which may support intermediate-term growth. “At this point in time, we feel the potential upside momentum outweighs downside risk …
More: continued here
